Production Possibility Frontier

• PPF stand for?

  Production Possibility Frontier
• Production possibility frontier

  economic model illustrating the concept of scarcity, showing maximum level of production
• Allocatively Efficient

  when social welfare is maximised. the redistribution without making someone worse off is impossible
• Capital goods

  goods that are used in the production of other goods
• Consumer goods

  goods and services that are used by people to satisfy wants and needs
• Margin

  point of possible change